UAE
UAE hotel occupancy rates among world’s highest
Abdulla bin Touq Al Marri, Minister of Economy & Tourism, said that hotel occupancy rates in the UAE reached 79.3 percent during the first ten months of 2025, up from 78 percent last year, ranking among the highest regionally and globally.
In statements to the Emirates News Agency (WAM) on the sidelines of the launch of the sixth edition of the World’s Coolest Winter campaign, the minister noted that hotel revenues totalled AED89 billion over the period, with 1,243 hotel establishments offering more than 216,000 rooms nationwide.
He added that tourism contributed 13 percent to the UAE’s GDP last year, equivalent to AED257.3 billion, and provides over 920,000 jobs, with plans to raise the sector’s contribution to 17 percent within five years, supported by growing investments and continued expansion in aviation.
Al Marri highlighted that the World’s Coolest Winter campaign, held under the slogan ‘Our Winter is Entrepreneurial’, aims to boost domestic tourism and support entrepreneurship, reinforcing the UAE’s position as a global destination for both tourism and business.
Tourism investments reached AED32.2 billion in 2024, up from AED 28.8 billion in 2023, and are expected to rise to AED35.2 billion in 2025, reflecting the sector’s strong and sustained growth.
Story by WAM
UAE
UAE citizens can use e-gates at Mexico airports
Mexican authorities have introduced simplified entry procedures for UAE citizens, allowing them to complete their arrival procedures through electronic gates at a number of Mexican airports from Thursday, the UAE Embassy in Mexico said.
Under the new system, Emirati will no longer need to undergo the standard processing procedures at participating airports. Instead, travellers will receive a ticket containing a QR code linked to the Multiple Digital Immigration Form (FMMD), which they must retain throughout the duration of their stay in Mexico.
The embassy said the measure takes effect from Thursday and is intended to facilitate the arrival process for Emirati visitors.
The simplified procedures aim to ease the entry of Emirati fans travelling to Mexico for FIFA World Cup 2026 matches, which the country will co-host alongside the US and Canada.
GN
REAL ESTATE
Dubai’s Shangri-La sold for Dh1.1b
Dubai’s luxury real estate market has recorded another major deal after AHS Properties acquired the Shangri-La Dubai hotel property on Sheikh Zayed Road for an eye-watering Dh1.1 billion.
the acquisition marks one of Dubai’s largest single-asset real estate transactions in recent years, according to the company. The deal also highlights growing investor appetite for prime assets along Sheikh Zayed Road — one of the city’s most established commercial and luxury corridors.
The property was previously sold in 2020 for Dh700.2 million through an online auction linked to debt recovery proceedings involving the Al Jaber Group. The latest transaction reflects a roughly 57 per cent increase in value over six years.
The 42-storey mixed-use property includes a luxury hotel, apartments and office space.
The 26-year-old billionaire founder and CEO of AHS Properties said no final decision has been made on the future of the Shangri-La Dubai asset, although the company plans to upgrade and enhance parts of the building to improve its long-term value.
What happens to Shangri-La
Sajwani said the company has not yet finalised its long-term strategy for the Shangri-La Dubai asset, but plans to enhance and reposition parts of the mixed-use property to unlock additional value.
“AHS focus is luxury real estate, whether it’s residential, commercial, or hospitality,” he said. “We see how we can enhance the project the most, and how we can get the most value-added services from them.”
Sajwani said the company is evaluating several options for the property, including renovating offices, upgrading parts of the development and improving income generation.
“This project hit all those requirements,” he said. “The strategy has many different options of things we can do, so we’re still deciding on that, but the asset was key.”
He added that the company continues expanding its Sheikh Zayed Road presence, with AHS Tower under development and another major mixed-use project planned for launch later this year.
“We have another plot, which we own, which we will launch at the end of the year,” he said. “That will be the biggest project on Sheikh Zayed Road — it’s a Dh25 billion project.” He said details of this project will be announced later in the year.
Sheikh Zayed Road land scarcity
Sajwani also said that Dubai’s prime locations are expected to continue appreciating because of limited land availability. “Dubai will just continue to grow, and the prime will always stay prime,” he said.
“There’s no more lands on Sheikh Zayed Road, and you cannot come up with a new land. So, these assets will continue to rise long term,” said Sajwani. He added that demand for premium office and residential space in the area remains strong.
The acquisition strengthens AHS Properties’ growing footprint on Sheikh Zayed Road, where it already has projects including AHS Tower and AHS City.
Sajwani also confirmed the company plans to launch another mixed-use development on Sheikh Zayed Road later this year. He described it as a Dh25 billion project currently under design.
Under Sajwani’s leadership, the firm expanded into commercial real estate, acquiring and rebranding Dubai’s long-vacant “Big Ben” tower on Sheikh Zayed Road (now AHS Tower) for $120 million.
Mixed-use developments
While the Shangri-La Dubai acquisition includes hospitality assets, Sajwani said the company is not shifting solely into hotels.
“AHS focus is luxury real estate, whether it’s residential, commercial, or hospitality,” he said. He said the company is still evaluating different strategies for the property, including renovations and upgrades to improve long-term returns.
“This project hit all those requirements,” he said, adding that the company sees “huge potential” in the asset.
Founded in 2021, AHS Properties has rapidly expanded in Dubai’s ultra-luxury property market with projects focused on waterfront and premium urban locations.
Last year, the company launched Casa AHS, a Dubai Water Canal development valued at around $750 million, featuring ultra-luxury residences including Sky Villas and Sky Mansions.
Dubai luxury market
Sajwani said Dubai’s ultra-luxury market has seen buyers taking longer to make purchasing decisions in recent months, although demand remains intact.
“We still see transactions,” he said. “It is just people are taking longer to decide.”
He added that the summer period traditionally slows activity but expects demand to strengthen again after September.
According to Sajwani, wealthy international buyers continue relocating to Dubai because of the emirate’s infrastructure, lifestyle, education system and long-term economic policies.
“People are still moving to Dubai, people are still looking for investments and looking for opportunities,” he said.
He also said Dubai’s commercial real estate segment remains undersupplied, particularly for Grade A office space.
“Commercial is very strong,” Sajwani said. “There is currently a lack of supply.”
Prime Dubai districts expected to outperform
Sajwani said Dubai’s established luxury districts are likely to remain the strongest performers in the years ahead.
He identified Sheikh Zayed Road, Downtown Dubai, Dubai Water Canal, Palm Jumeirah and Bulgari Island among the locations expected to continue attracting luxury demand.
“I think the prime will continue to rise in a big way,” he said.
He added that Dubai’s long-term population growth and tourism expansion would continue supporting demand across residential, office and hospitality sectors.
AHS Properties expects its gross development value to reach around Dh50 billion by the end of this year, according to Sajwani.
Dubai’s real estate market has largely remained resilient — but the pace of transactions, especially in the luxury segment, has slowed compared to the rapid growth seen over the past three years.
Brokers and consultancies reported that high-net-worth investors began taking longer to close deals, particularly for ultra-luxury homes above Dh20 million. Many adopted a temporary “wait-and-watch” approach amid geopolitical uncertainty.
GN
travel
Many airlines continue to suspend routes
Passengers flying to and from Dubai are facing schedule changes after several international airlines suspended, cancelled or delayed the resumption of services because of the ongoing situation in the Middle East.
The disruption, which began at the start of the conflict on February 28, affects carriers across Europe, North America and Asia, with some Dubai routes paused until August, September or the end of the summer season. Travellers with confirmed bookings are being advised to check airline websites and apps before heading to the airport, as schedules remain subject to further changes.
Aegean Airlines has cancelled flights to and from Dubai until August 31, while Air Canada has cancelled flights to Dubai and Tel Aviv until September 7. Cathay Pacific has suspended Dubai and Riyadh flights until August 31, and Singapore Airlines has extended the suspension of its Singapore-Dubai service until August 2.
British Airways has pushed back several Middle East routes, with flights to Dubai, Tel Aviv, Bahrain and Amman paused until the end of the summer season and scheduled to resume on October 25. The airline is also expected to return with a reduced schedule on some routes, including Dubai.
European carriers pull back
The biggest disruption is coming from European carriers, as airlines are still adjusting capacity across the Middle East due to airspace risk remaining a concern.
Air France has suspended flights to Dubai and Beirut until June 17, while KLM has suspended flights to Dubai until August 2. KLM flights to Riyadh and Dammam are suspended until July 12.
Lufthansa Group carriers are also maintaining a wide range of suspensions in the Middle East. Lufthansa, SWISS and ITA Airways will continue to suspend flights to Dubai until September 13, while Lufthansa, SWISS, Austrian Airlines and Brussels Airlines have suspended flights to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran until October 24.
Eurowings, the Lufthansa Group’s low-cost carrier, has suspended flights to Dubai, Abu Dhabi and Amman until October 24.
Wizz Air has suspended flights from mainland Europe to Dubai, Abu Dhabi and Amman until mid-September, while flights to Medina have been cancelled indefinitely.
Some routes are returning
The disruption is not uniform across the market, with some airlines gradually restoring flights while others remain cautious.
Air Astana is set to resume regular flights from Almaty to Dubai from June 20, with Astana-Dubai services beginning on July 10. The airline has adjusted flight paths to operate via Pakistan because of the closure of Iranian airspace, saying the change is aimed at maintaining safety and reliability.
The Almaty-Dubai route is expected to increase from limited weekly services to daily flights by July 6, while Astana-Dubai will start with three weekly flights from July 10 before expanding to daily services by August 3.
Passengers holding rebooked tickets for departures up to July 31 can change bookings free of charge to earlier flights from June 20 for Almaty departures and from July 10 for Astana departures.
Aegean said it is continuing to monitor developments in line with instructions from aviation authorities and will keep adjusting its schedule on affected routes. Passengers whose flights are cancelled can request a refund or credit voucher, or change their tickets through the airline’s call centre without a reissue charge or fare difference.
What passengers should do
Passengers booked on affected Dubai flights should check their airline’s website or app before leaving for the airport, because schedules are changing by carrier and by route.
Those travelling during the summer should also check whether their airline is offering a refund, credit voucher, free date change or rerouting through another hub. Airlines including Aegean, Cathay Pacific and Air Astana have set out options for affected customers, although policies differ depending on ticket type, travel date and point of purchase.
Cathay Pacific said customers booked to travel during the affected period may rebook, reroute or refund tickets under its waiver policy. “We are monitoring the situation closely and will remain agile in our response. The safety of our customers and people guides every decision we make,” the airline said in a statement.
Virgin Atlantic has also brought forward the end of its seasonal London-Dubai operation, saying, “The recent escalation in the Middle East has brought forward the end of our operation for this season.”
GN With inputs from Reuters.
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